Slow and steady for Cisco: Yep, people still need network gear, and together they'll pay billions of bucks for it | 4/6/2019 | Staff
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Little news is good news for networking giant Cisco.

On Wednesday, Switchzilla boasted another three months of steady, if unspectacular, profit growth in its second quarter of fiscal 2019. For the quarter (PDF), ending January 26:

Revenues - Cent - Q2

Revenues of $12.4bn were up 5 per cent from $11.9bn in Q2 2018.

Net income was $2.8bn compared to a loss of $8.8bn last year when US-headquartered Cisco took a $12bn tax hit to repatriate cash it had stashed overseas. A more apt comparison might be net income before taxes, which was $3.3bn this year compared to $3.2bn last.

Earnings - Share - Analyst - Estimates - Q2

Earnings per share were $0.73, topping analyst estimates of $0.72 and up from $0.63 in Q2 2018.

Revenues in the Americas and EMEA were both up 5 per cent from last year, while APJC was up 3 per cent. Growth in China was flat.

Cisco - Quarter - Service - Provider - Video

Cisco noted that this would be the last quarter of its Service Provider Video Software and Solutions (SPVSS) business, as Switchzilla has now divested that unit.

Infrastructure platforms revenue was up 6 per cent, while applications revenue was up 24 per cent and security up 18 per cent.

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